From Bank Investment Consultant, July 3, 2012
"Kansas Becomes Surprise Hub of Bank M&A"
by Robert Barba
Look out, California and Texas, because the smaller, Midwestern state has quietly established itself as one of the busiest states for bank mergers and acquisitions this year.
Eight deals were announced in Kansas in the first half, tying it with California for second place. Texas held a comfortable lead, with 14 deals. Collectively, those three states accounted for nearly 30% of transactions.
"We're seeing a great deal of activity throughout the Midwest that just has not yet been announced," says Joseph Porter, a partner at Polsinelli Shughart in St. Louis, Mo., who says he is involved in a handful of negotiations.
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About Joseph T. Porter, Jr.
As counsel to a variety of corporations, Joseph T. Porter, Jr. has over 30 years experience in providing the full range of legal services required by businesses, including mergers and acquisitions, equity offerings, financing arrangements, strategic planning and resolving disputes among owners or board members.
Much of his practice is devoted to the financial institutions industry and the special regulatory issues involved in the operation of state and federal banks and savings and loan associations. With his notable experience and established reputation among regulatory authorities, Mr. Porter provides expert assistance to clients with acquisitions and divestitures, corporate restructurings, regulatory compliance issues, introduction of new product lines and expansion into other geographic areas through branching or acquisition